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Dec 2, 2012
12/12
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keep in mind again, you know, people call it a fiscal cliff. when you go off a cliff you usually die. my view is there are challenges in front of us. we've had them before. this is pretty significant. but we have a plan in place. no one really likes it, but at the end of the day come january, these things start to happen. the deficit gets a reduction because the tax cuts go away, the budget cuts go into play. the question is are we going to have the wherewithal to give some long-term certainty to the market so they don't have this up and down action of congress. after four years in congress i have to tell you it's one of the most disturbing thing i've seen, the lack of foresite of looking two, three, four, five years down the road. everyone plays to the next week. give it about a 40% chance of some element. the big question is have the markets worked into some of their pricing on stocks and bonds and so forth, some of this anticipation of going over these fiscal challenges? i think they probably have to to a certain degree. but it will be a rou
keep in mind again, you know, people call it a fiscal cliff. when you go off a cliff you usually die. my view is there are challenges in front of us. we've had them before. this is pretty significant. but we have a plan in place. no one really likes it, but at the end of the day come january, these things start to happen. the deficit gets a reduction because the tax cuts go away, the budget cuts go into play. the question is are we going to have the wherewithal to give some long-term certainty...
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Dec 5, 2012
12/12
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could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth...
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Dec 1, 2012
12/12
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is it a fiscal cliff or a slope? how dramatic will this fall off be on january 1st? or is there going to be the decision that if this decision is not made on january 1st, we'll be fine. >> they constantly talk about short-term agreement right now and then pushing important decision abouts entitlement reform taxes that kind of stuff into 2013. clearly we're not confronting a killer drop off, a fiscal cliff that we hear so often that will send the country careening into a recession after bees december 31st. this will play out across 2013. it's not going to happen all on one single day. it is a fiscal slope. some of the budget lines here in washington has tried to emphasize that point. but the problem is when you have john boehner and in the white house, folks like this in washington using the term fiscal cliff, it takes to become a reality and take on language of its own. >> eliot: it seems to me that there is an element of hysteria being created and used by some folks. you have fix the debt coalition that is away at this terror, and then you see cmbc and this business
is it a fiscal cliff or a slope? how dramatic will this fall off be on january 1st? or is there going to be the decision that if this decision is not made on january 1st, we'll be fine. >> they constantly talk about short-term agreement right now and then pushing important decision abouts entitlement reform taxes that kind of stuff into 2013. clearly we're not confronting a killer drop off, a fiscal cliff that we hear so often that will send the country careening into a recession after...
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Nov 29, 2012
11/12
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look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress 123 are the democrats giving? have they given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan is the farce that is washington. one of the worst aspects of this era where we have to hang on the word of every people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is there are companies doing amazing things, soen in the interests of reminds us some companies are doing great things that can make you money, i want to celebrate the products of three terrific companies as well as their stocks, because after all this is "mad money," not mad tablets. first one of my favorses is the column that consequence taply amazes me, david pentagon, the "new york times" writer who opines brilliantly in a can't-miss column about tech products. i love this guy. today's product starts several enough, a segment of an npr-call-in seg meant that he was going to offer
look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress 123 are the democrats giving? have they given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan is the farce that is washington. one of the worst aspects of this era where we have to hang on the word of every people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is...
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Dec 5, 2012
12/12
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first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
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Dec 3, 2012
12/12
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forget about the fiscal cliff back and forth. heard from boehner and geithner that you talked about but, listen, some things looking better in europe this morning actually. i know it's boring but the greek deal looks a little more likely. germany making positive comments so stock futures are up. big story in "the wall street journal" about how the rest of the world is slow to get on the natural gas bandwagon which could be good for the united states and canada because they need gas around the world which means we may be the more likely go-to source and delta airlines reportedly in the hunt for half a stake in virgin atlantic. they covet some new landing spots at heathrow airport. barnicle can fly back and forth on london to get a new castle or a guinness or whatever his choice is. and i'm going to leave you with this. it is the 20th birthday of the text message. on this date 20 years ago, it was created. and now university students send an average of 3,200 text messages per month rof, lol, omg. >> brian, quickly, back to the virg
forget about the fiscal cliff back and forth. heard from boehner and geithner that you talked about but, listen, some things looking better in europe this morning actually. i know it's boring but the greek deal looks a little more likely. germany making positive comments so stock futures are up. big story in "the wall street journal" about how the rest of the world is slow to get on the natural gas bandwagon which could be good for the united states and canada because they need gas...
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from going over the fiscal cliff. staff and speaker john boehner's office telling fox business the lines of communication open, but it's an empty house in washington. look at these pictures. house members on their long weekend break, and the senate is out until monday, but not before working out logistics for a big event. a private screening of steven spielberg's lincoln at the capital. now, harry reid using his time to take a special waiver to allow unbuttered popcorn in the auditorium. that's what passes for work these days. the president's holding another campaign style event as the middle class families, and with more, michael burgess of texas. congressman, great to have you object show again. >> great to be with you, thank you. gerri: everything's hanging in the banse, economy, middle class income, taxes, you name it, and you and your fellow house members are not going to work. >> well, wait, this is a 24-hour day job, seven days a week. i'm in new york tomorrow looking at the hospitals affected in hurricane sand
from going over the fiscal cliff. staff and speaker john boehner's office telling fox business the lines of communication open, but it's an empty house in washington. look at these pictures. house members on their long weekend break, and the senate is out until monday, but not before working out logistics for a big event. a private screening of steven spielberg's lincoln at the capital. now, harry reid using his time to take a special waiver to allow unbuttered popcorn in the auditorium. that's...
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. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as of today, possession of small amounts of marijuana is legal in the state of washington. >>> now the 55th annual grammy awards revealed. the top contender, kanye west and jay-z. >> he's got it. kobe bryant. the greatest player in the history of the los angeles lakers. >> all that, ready for your mistake? >> yeah. i'd like to hear it. >> can eating while driving be distracting. >> no! >> and all that matters. >> former senator alan simpson is bringing his meg aboutssage about the national debt to a new generation. >> gangnam style. >> on cbs "this morning." >> the star? a toddler and tiaras earning a spot on barbara walters list of the 20 m
. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as...
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Dec 4, 2012
12/12
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the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that out saying the new revenue would not be achieved through higher tax rates which we continue to oppose. they were referring to an erskine bowles plan that he testified to in the fall of 2011. the white house made it clear that's a nonstarter and they won't even respond until the gop puts forth a plan that includes a tax rate hike. the obstacle continues to be republicans who hold out hope. millionaires and billionaires. while it sounds like the two sides are far apart, the budget numbers are not that far apart. the white house you get close. they say
the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that...
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Dec 4, 2012
12/12
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fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "t
fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of...
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Dec 6, 2012
12/12
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on the brink of the fiscal cliff. when lot of the operations for social security are located in baltimore. she is out protesting. there was a big protests by workers at social security about some of the fiscal cliff discussions yesterday. roma in fairfield, california, line for independents. caller: i wanted to piggyback a little bit of what the others have said before me. i am an immigrant. akin to this country when i was very young. i'm very grateful for this country. i have lived in other countries, and this is the best country to be. having said that, when i came here it was required that i spoke english. when i go to businesses and schools and just about town all day in my regular day-to-day activities of daily living, a run into this barrier of language. in the school system, when you they say youceaddress it, just look away. it has gotten too politically incorrect. it is very hard to educate a glitch comprehending people if you have a heavy accent -- english-comprehending people if you have a heavy accent. i wo
on the brink of the fiscal cliff. when lot of the operations for social security are located in baltimore. she is out protesting. there was a big protests by workers at social security about some of the fiscal cliff discussions yesterday. roma in fairfield, california, line for independents. caller: i wanted to piggyback a little bit of what the others have said before me. i am an immigrant. akin to this country when i was very young. i'm very grateful for this country. i have lived in other...
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Nov 29, 2012
11/12
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he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where there's really no plan. everything's broken down. nobody knows where anybody is. i think that could be pretty ugly in the markets. having said tha
he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would...
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Dec 7, 2012
12/12
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this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithne
this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the...
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Dec 1, 2012
12/12
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cliff really a fiscal slope. if they come to a compromise the politicians in washington, both republicans and democrats are going to reduce the size of deficit reduction dramatically. my argument will be let's go right down that fiscal slope. let's raise the revenue and make the cuts that have to be made which nobody in washington is willing to make. and let's take a big bite out of the deficit and restore confidence to our markets. >> that's going to kill the economy. this is one of the things i agree with. >> it will not kill the economy. >> if you do those tax increases it will. >> i want to make sure. this is a little different point. i hear you on the fiscal cliff, howard. i appreciate respect of you as much as i may disagree. what's really at stake here, one of the things at stake here, steve moore, is the idea that changing taxes, for example raising tax rates on capital and dividend and private equity firms and individuals and small business, that that doesn't matter. and what i'm saying is, when you see
cliff really a fiscal slope. if they come to a compromise the politicians in washington, both republicans and democrats are going to reduce the size of deficit reduction dramatically. my argument will be let's go right down that fiscal slope. let's raise the revenue and make the cuts that have to be made which nobody in washington is willing to make. and let's take a big bite out of the deficit and restore confidence to our markets. >> that's going to kill the economy. this is one of the...
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Dec 5, 2012
12/12
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and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of
and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan...
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i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative, imaginative, if you will, rhetoric or language or positioning or messaging. >> we have been for about three years now. so i think there's no reason for it to start now. what house republicans have to understand is they are the republican party for the next four years and have to have messaging and basically tell the american public what they're doing and why they're doing it. they can't be for tax cuts, for spending cuts. they have to articulate how it fits in the big picture. there are some skilled people that need to step forward. lou: would i be too cynical to say that perhaps the president has an additional advantage in this little carrousel of nonsense around the fiscal clef in that it also deflects and distracts from that half trillion dollars in new taxes that will be hitting the middle class in this country as a result of obamacare beg
i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative, imaginative, if you will, rhetoric or language or positioning or messaging. >> we have been for about three years now. so i think there's no reason for it to start now. what house republicans have to understand is they are the republican party for the next four years and have to have...
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Nov 29, 2012
11/12
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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Dec 5, 2012
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the soap opera we call the fiscal cliff. before we get to our chief washington john harwood and the president is meeting with another grouch ceos, i need to start with eamon javers on capitol hill where lawmakers are skipping down early for a long weekend. eamon, wasn't thanksgiving just a couple weeks ago? >> it was. let me check michael ichaey cal. you see rank and file members of congress leaving the capitol. they are done for the week. they're headed back loam to their hometown districts. a lot of folks focused on this negotiation right now but the reality is that the negotiations are taking place among just a very few, very high level people. i was talking to a few rank and file members yesterday who said they were frustrated there is not a whole lot for them to do, they are just sitting around here waiting for some break-through in these negotiations. they want something to do on the floor, in their offices and there is not much for them to sink their teeth into. now they're going into their district. leadership is goi
the soap opera we call the fiscal cliff. before we get to our chief washington john harwood and the president is meeting with another grouch ceos, i need to start with eamon javers on capitol hill where lawmakers are skipping down early for a long weekend. eamon, wasn't thanksgiving just a couple weeks ago? >> it was. let me check michael ichaey cal. you see rank and file members of congress leaving the capitol. they are done for the week. they're headed back loam to their hometown...
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Nov 29, 2012
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>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into the u.s. relationship with afgha
>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead...
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Nov 30, 2012
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. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward position because right now essentially they're just defending the tax cut for the top 2%. at the same time, the white house's public posture is to say well, no, we don't want to go over the fiscal cliff because you don't want to send that message to the markets. but then behind the scenes you sort of get the feeling they'd be willing to do it and they'd be okay at least
. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the...
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Dec 3, 2012
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the fiscal cliff now less than a month away. and falling off the cliff could spell trouble in the form of higher taxes, higher unemployment and recession, so analysts tell us. as we approach the edge, a compromise appear object out of reach. and timothy geithner headed up negotiations for the obama administration says the deal will be hard to come by without tax hikes for higher income americans and republican leaders led by house speaker john boehner calling the president's proposal essentially a waste of time. >> i was flabbergasted. >> we've the got seven weeks between election day and the end of the year, and three of those weeks have been wasted. >> steve centanni kicks off our college tonight from washington d.c. steve, where exactly do we stand tonight? >> well, harris, democrats are hoping republicans to raise taxes on the wealthy and the republicans are accusing the white house of wasting time. and saying that he didn't have a serious proposal when he reintroduced a plan to reduce 4 trillion dollars. >> the president as
the fiscal cliff now less than a month away. and falling off the cliff could spell trouble in the form of higher taxes, higher unemployment and recession, so analysts tell us. as we approach the edge, a compromise appear object out of reach. and timothy geithner headed up negotiations for the obama administration says the deal will be hard to come by without tax hikes for higher income americans and republican leaders led by house speaker john boehner calling the president's proposal...
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Dec 1, 2012
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i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever ready for this baby. >> hi, jim. john jay, i don't know if anyone ever told you, but you resemble billy joel, not lennon like you showed that portrait. >> if i look like billy joel i'm done eating. done eden. that's a play on where you're from. i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make money. i'm just trying to -- without regina i'm lost. without regina i'm lost! we got some great news to report tonight. our fabulous executive producer regina had a baby girl today. we want to welcome to the world rg2. why
i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever...
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fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on the crazy course we are on right now before we are anything like one of these european countries. this is still an amazingly powerful entrepreneurial place. i am betting on the entrepreneur and even though the g
fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown...
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i think you need a fiscal cliff resolution there. if you get to 1500 to see an additional 100 points from there i think is doable. >> i would have felt better if you said 1475 in six months and 1575 end of the year. yeah, 1600 is great in the first half of 2013, but the concern he has is on the back half of 2013. that's a bigger problem. i think that's the headline. >> up next on "halftime" hold them or fold them? three winning stocks and whether it's time to let them go. plus the ceo of ethan allen weighs in on the decision to offer a special dividend as fiscal cliff worries grow. amerie in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ thor gets great rewards for his small business! your
i think you need a fiscal cliff resolution there. if you get to 1500 to see an additional 100 points from there i think is doable. >> i would have felt better if you said 1475 in six months and 1575 end of the year. yeah, 1600 is great in the first half of 2013, but the concern he has is on the back half of 2013. that's a bigger problem. i think that's the headline. >> up next on "halftime" hold them or fold them? three winning stocks and whether it's time to let them go....
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wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at is how can we kind of salvage a political victory out of this and stand for what we want? as you've had people on this program suggest, it may just be going over the fiscal cliff and not voting for a tax raise and then later negotiating taxes down. >> republicans will be blamed, polls show, if we go over the cliff. >> let's turn to jeb henserling, newly named chairman of the house committee and co-chair on the super committee. we heard will saying how do you salvage a political victory? the reality is if nothing is done, if you cannot get together, you go ove
wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at...
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this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing rope a dope. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid again, but washington, you have real work to do. a looming fiscal cliff and what are we hearing? as republican senator jeff sessions says -- >> a lot of flimflam. >> flimflam. we told you last night that treasure secretary tim geithner hop-scotched his way down pennsylvania avenue to bring the president's proposal from the white house to capitol hill and instead of offering compromise, he leapt to the extreme. in case you forgot, here's what his plan does. his plan taxes $1.6 trillion of taxes. higher tax rates on people, families making more than $250,000 as well as closing loopholes, limiting deductions, raising the estate tax rate and increasing the tax
this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing rope a dope. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid again, but washington, you have real work to do. a looming fiscal cliff and what are we...
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the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if you look at recent polls out this week, it shows that a majority of americans say if there is no deal, if we go over the fiscal cliff, they will blame republicans and not democrats or the president. you can be sure everyone is watching those polls. the debt ceiling if you can believe it, i know christine is rolling her eyes over there, the debt ceiling is becoming a part of this. >> that dialogue has been going on for quite some time now. at the en
the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next...
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the fiscal cliff is upon us. now we see the two lead office of the report that out there again. -- authors of the report out there again. is the report is getting a new look these days? caller: allyson send an erskine bowles are the with- alan simpson -- alan simpson and erskine bowles are going around the country and speaking. the plan is full of compromises, compromises people do not like, but are necessary if you want to take on the problem. not to say that simpson-bowles has the best ideas. he framework touches all of the budget and it is the kind of framework you need. host: between then and now, what has changed to cause such a strong and serious look at the proposal? guest: thought of it is timing. political timing and economic timing. -- guest: part of it is timing, political timing and economic timing. we have the fiscal cliff facing us and the potential economically serious problems this will cause in terms of economic growth, unemployment and so forth. members of congress want to get something done. th
the fiscal cliff is upon us. now we see the two lead office of the report that out there again. -- authors of the report out there again. is the report is getting a new look these days? caller: allyson send an erskine bowles are the with- alan simpson -- alan simpson and erskine bowles are going around the country and speaking. the plan is full of compromises, compromises people do not like, but are necessary if you want to take on the problem. not to say that simpson-bowles has the best ideas....
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back to you. >>> fiscal cliff looming of course. corporate boards at the world's largest pensions and sovereign wealth funds have very hard decisions to make about risk and asset allocation. how do you generate returns and manage volatility in this kind of environment where there's so much you can't control? global head of institutional clients with jpmorgan asset management, welcome. i'm going to ask something that may be counter intuitive to a lot of people. maybe not to you. it seems to me your clients, institutions, pensions, endowments, are tax exempt. they don't have to worry quite as much it would seem to me about avoiding dividend taxes or capital gains taxes as ordinary individuals. am i right about that or wrong? >> yes and no. the point being if the fiscal cliff you look at china, eurozone, it is all coming together to create an environment of total uncertainty for a lot of the biggest investors in the world. pension funds in the u.s. are trying to manage the volatility of the funding levels, generating return. think of w
back to you. >>> fiscal cliff looming of course. corporate boards at the world's largest pensions and sovereign wealth funds have very hard decisions to make about risk and asset allocation. how do you generate returns and manage volatility in this kind of environment where there's so much you can't control? global head of institutional clients with jpmorgan asset management, welcome. i'm going to ask something that may be counter intuitive to a lot of people. maybe not to you. it...
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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way they stave off the fiscal cliff. spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. >> perhaps most su prirprising the white house proposal to get the president just about unlimited power to raise the nation's debt sealiceiling and w more and more money unless they reject. these will be tough negotiations ahead. we got a little sample of thi
way they stave off the fiscal cliff. spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet...
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we've been really focused today on the fiscal cliff. syria another big story we're following as well. >> i know you got a tour coming up in l.a. not in new york. what's that about? >> i'm starting small in l.a. it's called the kamau uprising. bring a friend of a different race you get in two for one. >> oh, i love that. that's very nice. nan, what you got for us? >> i listen to kamau and barbara talk about the opportunities we have for harmony and for bettering our world. we have a lot of challenges around the world. and people all over the world look to the united states, think about the china house with the mothers, for us to be the leaders, for us to have the strongest economy and the best in the world. >> what are you thinki ithey th sit here and fight over the fiscal cliff still years in. >> we will resolve this. we always have. i hope that americans will think about what has made us strong. and it is individual initiative. us helping each other in our communities. having a government that respects us. and that's the right size. an
we've been really focused today on the fiscal cliff. syria another big story we're following as well. >> i know you got a tour coming up in l.a. not in new york. what's that about? >> i'm starting small in l.a. it's called the kamau uprising. bring a friend of a different race you get in two for one. >> oh, i love that. that's very nice. nan, what you got for us? >> i listen to kamau and barbara talk about the opportunities we have for harmony and for bettering our...
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the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some revenue that is vague and potentially comes out of the pockets of middle- class families in exchange for some very specific entitlement cuts that would affect seniors or other folks who are vulnerable. host: president obama with the bloomberg tv. next up, sarah on the republican line. caller: i think president obama is blackmailing the congress. he thinks sin
the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is...
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Nov 29, 2012
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want to continue the conversation on fiscal cliff. this one republican has really been making news with this -- we'll call it an outside the box idea to avoid at least part of this fiscal cliff. he is suggesting to extend the bush cuts for the 98% of americans right now since at least both sides agree that has to happen and then haggle over the top 2% later. >> the republican in the middle of this all is congressman tom cole from oklahoma. congressman cole, speaker boehner and others have thrown cold water on this idea. let's clear this up right now. you still stand by this notion, pass the tax cuts for the 98% right now, deal with the 2% after the new year but essentially let those da tax breaks for the top 2% expire? >> i do think where we agree on 98%, we should take that off the table so americans don't have to worry about that. that actually strengthens our position. at the end of the day it's a discussion amongst republicans over tactic, not a division or debate. the president would be well advised if he's serious to actually br
want to continue the conversation on fiscal cliff. this one republican has really been making news with this -- we'll call it an outside the box idea to avoid at least part of this fiscal cliff. he is suggesting to extend the bush cuts for the 98% of americans right now since at least both sides agree that has to happen and then haggle over the top 2% later. >> the republican in the middle of this all is congressman tom cole from oklahoma. congressman cole, speaker boehner and others have...
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brzezinski, about the fiscal cliff. i'd love your take on it, what signal it sends to the rest of the world that we don't seem to be able to put our economic house in order. >> well, the way you put it, you give the answer. your answer is right. we look a little bit disorderly. indecisive, leaderless. that's a real problem. and that's a problem that concerns me particularly on foreign affairs. the presidency, not just president obama, but the presidency in recent years has lost some of the terrain that they used to dominate in the making of foreign policy. i think president obama has to make a serious effort to regain it because he lost some of it himself. >> lost terrain to congress or to whom? >> to congress and to the world. that is to say his capacity to take decisive actions has been limited by congressional intervention, by the influence of lobbies, by the sense that he gives good speeches, very good speeches, and he really understands the world, but the follow-through in terms of policy is somewhat not there. so
brzezinski, about the fiscal cliff. i'd love your take on it, what signal it sends to the rest of the world that we don't seem to be able to put our economic house in order. >> well, the way you put it, you give the answer. your answer is right. we look a little bit disorderly. indecisive, leaderless. that's a real problem. and that's a problem that concerns me particularly on foreign affairs. the presidency, not just president obama, but the presidency in recent years has lost some of...
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it could be called the ultimate fiscal cliff trade. find out which investment americans are pouring into. much more straight ahead. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> welcome back to "fast money." oracle the latest company making a tax dividend. going to pay out a total of more than $850 million
it could be called the ultimate fiscal cliff trade. find out which investment americans are pouring into. much more straight ahead. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. music is a universal...
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at honeywell talk about the lack of real hiring plans, partly because of the fiscal cliff. does that concern you as a stock investor? >> it does. i mean, i think the one thing about being a stock investor, you sort of have to buy with uncertainty and sell on certainty. so it is an opportunity, but i'm not sure it is one that has fully unfolded yet. >> tom: so are you hearing what you want to hear regarding the fiscal cliff? >> no. because i shouldn't be hearing anything. i think when the real negotiations occur, when they really hammer it out, it won't be public. you can't really discuss this sort of thing in public. because if they are going to resolve it, promises will have to be fudged, at best, and that's not something you do right away. you sort of have to go through a process and this is the early stage of that process. >> tom: early stage, and yet five weeks left before we go over that fiscal cliff. and how can investors keep their eye on their investments when there is so much uncertainty. >> it is not even five weeks. i think investors tr to focus on the fundamenta
at honeywell talk about the lack of real hiring plans, partly because of the fiscal cliff. does that concern you as a stock investor? >> it does. i mean, i think the one thing about being a stock investor, you sort of have to buy with uncertainty and sell on certainty. so it is an opportunity, but i'm not sure it is one that has fully unfolded yet. >> tom: so are you hearing what you want to hear regarding the fiscal cliff? >> no. because i shouldn't be hearing anything. i...
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fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president has an awful lot of leverage. >> bret: but you have the democrats, juan, like mike pryor of arkansas who told politico this -- "as you know people around here like the
fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans...
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because joe biden is still our vice president and no fiscal cliff fights are going to stop him from a shopping blitz at washington's new costco super store. the veep came looking for pies and left with a television, books, fire logs, and a huge smile trailed by a horde of surprised shoppers. >> just walking through this store. get some guidance. >> you know, i have a feeling that the president may have missed his usual lunch partner at the midday meal today. joining us from washington is msnbc own historian the great chris matthews, the host of "hardball" and the author of quk jack kent, elusive hero," available now. highways t that's the advertising over. we learned the menu including white turkey chili and no humble pie after all. >> no dessert at all. i wondered about that double helping of poultry. what a strange meal. the turkey and then the chicken part. it's a strange meal. must have been dietary rules. i don't think that's a natural decision by the chef. strange meal. >> how do you think the meeting went though in truth? >> i think it's been screwed up because mr. romney, the
because joe biden is still our vice president and no fiscal cliff fights are going to stop him from a shopping blitz at washington's new costco super store. the veep came looking for pies and left with a television, books, fire logs, and a huge smile trailed by a horde of surprised shoppers. >> just walking through this store. get some guidance. >> you know, i have a feeling that the president may have missed his usual lunch partner at the midday meal today. joining us from...
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now, with what we have seen, with the fiscal cliff, it is virtually impossible. i think that senator demint can do more running the heritage foundation the way she would like to rather than sitting in the senate. dagen: does this also speak to him resigning from the senate, the power of the tea party, perhaps? >> i do not know it is the waning power of the tea party. i spoke with senator demint out and he feels that we have to do a better job with that. i believe that he thinks he can take the heritage network, and they do have operations around the country, at the state level, find out what works at the state and local level. there are models, social policy, education, welfare that have had some success out in the country that reflects conservative ideas. match that with the researchers in washington that to the policy work for heritage. connell: i think a lot of people will hear or read about this today and think about the conversation we have been having about the future of the republican party. does the tea party still have, you know, lindsey graham just put
now, with what we have seen, with the fiscal cliff, it is virtually impossible. i think that senator demint can do more running the heritage foundation the way she would like to rather than sitting in the senate. dagen: does this also speak to him resigning from the senate, the power of the tea party, perhaps? >> i do not know it is the waning power of the tea party. i spoke with senator demint out and he feels that we have to do a better job with that. i believe that he thinks he can...
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek another term. at some point there was a plan for him to forecast his future. the timing of doing it right now certainly caught people by surprise. but it also is a point where it tells you that he feels comfortable that the voice of objection on some things has been the seed has been filled here. he's got a mike lee of utah, rand paul of kentucky, who can fill some of the void that he would be leaving. it really is also, perhaps, good news for someone like mitch mcconnell, he can with his own reelections coming up not have the counterweight of jim demint's considerable presence within the chamber. so
in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek...
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fiscal cliff, amazement and dismay. i've heard it again and again. >> toes are the two words i focused on, amazement and dismay, and my question comes is he making any changes for fedex? >> companies need clarity. and even in the third quarter gdp report you can see that companies holding back on computer purchases, on equipment purchases, because they don't know what's going to happen next year. if there's going to be a recession or not. can i tell you, not to know whether you're going to have a recession is such an uncertainty for your families. christmas spending. how do you do holiday spending if you don't know what kind of tax refund you're going to get? congress is in a sticky spot here. the mood was pretty grim in washington yesterday when i was there for that interview. a lot of folks were saying they're not making plans for the holidays. washington insiders. because they think that they're going to be doing this down to the very last minute. >> i know you were dismayed saying that typically behind the scenes, a
fiscal cliff, amazement and dismay. i've heard it again and again. >> toes are the two words i focused on, amazement and dismay, and my question comes is he making any changes for fedex? >> companies need clarity. and even in the third quarter gdp report you can see that companies holding back on computer purchases, on equipment purchases, because they don't know what's going to happen next year. if there's going to be a recession or not. can i tell you, not to know whether you're...
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99
Dec 5, 2012
12/12
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CURRENT
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. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly on them. acting as spoiled children that hold this country ransom does not help them with any of the demographics that reelected this house, increased the number of democrats in the house or the senate. >> the tea party might say we won one and we lost one. we won 2010. we lost 2012 because we were too moderate. we had a meally mouth nominee-- >> i believethey're in a position-- >> if they act like real conservatives, real nut jobs, then we're proven right. they're blinded by their own ideology. >> i'm not surprised that a party who does not believe in evolution has o
. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly...
217
217
Nov 29, 2012
11/12
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....